Kakao's Q3 net almost triples to 143.7 billion won

Kakao Corp.'s third-quarter net profit reached 143.7 billion won, rising nearly three times from its 51.1 billion won a year earlier and surpassing a FactSet forecast of 88.99 billion won.

The company attributed its brisk performance in both its platform and its KakaoTalk-based e-commerce businesses.

According to Kakao Corp., KakaoTalk had 45.5 million monthly active users in the country as of the second quarter.

Kakao Corp.'s third-quarter sales surged 41 percent on-year to reach a quarterly high of 1.14 trillion won, while posting a quarterly high operating income of 120.2 billion won, up 103 percent from last year.

The figures marked the first time it surpassed 1 trillion won in sales and 100 billion won in operating income.